22.09.2016 - We expect a fall in the price of the New Zealand dollar
Publication of the statement of the Reserve Bank of New Zealand has not led to a strong price movement because investors assessed the previous statement of the Fed on monetary policy. It is worth noting that the central bank of New Zealand has not lowered interest rates, but can make such a move in case of a low inflation, the growth of which is expected in the 4th quarter. GDP continued to grow according to expectations due to immigration, construction and tourism. The situation on the dairy market remains uncertain. According to the Reserve Bank of New Zealand, the price of the local currency should be reduced. Our medium-term outlook remains negative with the objectives at 0.6600 and 0.6450.